Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

Wall Street’s Top Analysts Upgrades, Downgrades & Initiations

$HPQ, $LLL, $CRM, $TEVA

Daily HeffX-LTN reviews Wall Street analysts research reports to find new investing and trading ideas for our readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid.

Below is a list of Wall Streets top analysts upgrades, downgrades and initiations for Friday, as follows:

HP Inc. (NYSE:HPQ) analysts reiterated as Buy with a 15 price objective at Merrill Lynch, which is based on just 9X the firm’s Y 2017 EPS target of 1.76. The consensus target price is 15.32.

L-3 Communications Holdings Inc. (NYSE:LLL) was raised to Overweight from Neutral with a 182 price target at JPMorgan. The firm also named L-3 its top defense pick. The 52-wk trading range is 101.13 – 154.50, and the consensus price target is 163.22.

Salesforce.com Inc. (NYSE:CRM) analysts reiterated as Buy at Merrill Lynch, with a price objective of 100. The firm named Salesforce as its favorite large-cap growth idea for Y 2016, and it even said this could be worth 224 to 264 in Y 2020.

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) analysts reiterated as Neutral with a 59 price target at Credit Suisse. The firm noted that losing 2 intellectual property rights raises more questions in Copaxone’s durability. The 52-wk trading range is 48.01 – 66.55, and the consensus price target is 70.14.

Stay tuned…

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